SRP Announces 3,000 MW Solar Agreement with NextEra Energy Resources
SRP Announces 3,000 MW Solar Agreement with NextEra Energy Resources Salt River Project (SRP) today announced an agreement with NextEra Energy Resources to develop 3,000 megawatts (MW) of new solar generation by the end of 2034, or enough capacity to power 595,000 Arizona homes. The solar development agreement will support SRP’s plan to more than double the capacity of its power system by 2035 while maintaining reliability and affordability and making continued progress toward its sustainability goals.
SRP Board of Directors Approves Temporary Summer Rate Decrease
SRP Board of Directors Approves Temporary Summer Rate Decrease Today, the Salt River Project (SRP) publicly elected Board of Directors approved a temporary overall 3 percent summer price decrease through a reduction in its Fuel and Purchased Power Adjustment Mechanism (FPPAM). This decrease, which is effective with the May 2026 billing cycle through the October 2026 billing cycle, will provide bill relief to customers during the hottest time of the year. The average residential customer will experience
